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If we each owned our own business, we would rarely reach the economies of scale that have increased standards of living for the last 200 years.
by snewe 17y ago
If we each owned our own business, we would rarely reach the economies of scale that have increased standards of living for the last 200 years.
- enki 17y agothese economies of scale are often based on lower transaction costs at scale. information technology already has managed to lower or eliminate many transaction costs - and while doing so made a lot of previously unviable small business, viable. it's hard to say how many of these transaction costs are to stay with us over the next decades, but it's quite safe to say a lot of them will go. i have no answers, but i'm really curious how this will change society.
- tomjen2 17y agoFunny, at one point people assumed we couldn't have a civilization without slavery (not that working is the same as slavery). If everybody ends up working for their own companies, then the big assembly halls will be filled with robots who will do the work.